Dubai Aerospace Enterprise (DAE), the global aviation services corporation, has announced the delivery of the sixth and final Boeing 737 MAX aircraft to Aeromexico from its current orderbook. This delivery completes a mandate that included three Boeing 737-8 and three 737-9 aircraft. Aeromexico has been a valued customer of DAE for over ten years, during […]
DAE completes delivery of 737 MAX aircraft to Aeromexico Read More »
Dubai Aerospace Enterprise (DAE), a prominent global aviation services corporation, has signed agreements to acquire 17 aircraft for a total consideration of approximately US$1.0 billion. The newly acquired portfolio consists entirely of next-generation aircraft, with 89% being narrow-body models. Airbus accounts for 80% of the fleet, while Boeing makes up the remaining 20%. These aircraft
DAE bolsters fleet with US$1 billion investment in next-generation aircraft Read More »
Dubai Aerospace Enterprise (DAE) has announced the signing of a definitive agreement with K2 Aviation, a specialist investor in mid- to end-of-life aircraft. The deal involves the sale of seven Airbus and Boeing aircraft currently leased to six airline customers. As part of the agreement, DAE will also provide ongoing servicing for the assets sold.
DAE to sell seven aircraft to K2 Aviation Read More »
Dubai Aerospace Enterprise (DAE) has announced the signing of a definitive agreement to acquire 100% of the Nordic Aviation Capital group (NAC), an aircraft leasing company established over 30 years ago. Financial terms of the transaction were not disclosed. As of September 2024, NAC’s fleet consisted of 252 owned and committed assets leased to around
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Dubai Aerospace Enterprise (DAE), a global aviation services company, has released its business transactions update for the full year 2024, highlighting significant achievements across its capital and engineering divisions. DAE Capital demonstrated robust activity throughout the year, acquiring a total of 83 aircraft, with 30 owned and 53 managed. It also sold 68 aircraft, comprising
Dubai Aerospace Enterprise (DAE) reports strong performance in 2024 Read More »
Dubai Aerospace Enterprise (DAE) has received cash proceeds totalling approximately US$201 million over the past three months from settlements with selected insurance companies. These settlements pertain to aircraft that were previously leased to airline carriers in the Russian Federation. Following these settlements, DAE and its relevant affiliated entities have released their claims against the involved
DAE secures US$201 million in insurance settlements Read More »
Hainan Airlines and Dubai Aerospace Enterprise (DAE) have signed new lease agreements for four Boeing 737-8 aircraft, scheduled for delivery in late 2025 and early 2026. DAE CEO Firoz Tarapore highlighted that the deal strengthens DAE’s relationship with Hainan Airlines, emphasising DAE’s commitment to meeting the airline’s evolving fleet requirements. These advanced Boeing 737-8 aircraft
Hainan Airlines signs lease agreements with DAE Read More »
Dubai Aerospace Enterprise (DAE) has released its financial results for the nine months ended September 30, 2024, revealing a 57% increase in profit before tax, which rose to 13% when excluding exceptional items. The company experienced a revenue growth of 3%, resulting in pre-tax profitability margins of 23% and a pre-tax return on equity of
DAE posts strong financial results for past nine months Read More »
Dubai Aerospace Enterprise (DAE) has signed an agreement to acquire ten narrow-body, next-generation aircraft for an aggregate consideration of approximately US$0.5 billion. This latest addition to DAE’s portfolio consists entirely of aircraft currently leased to four airlines operating in four different countries. In conjunction with this acquisition, DAE has also facilitated the purchase and sale
DAE expands fleet with acquisition of ten next-generation aircraft Read More »
Dubai Aerospace Enterprise (DAE) has announced agreements to acquire 23 aircraft from multiple counterparties for a total of approximately US$1.1 billion. The consolidated aircraft portfolio will have a weighted average age of 3.4 years and a weighted average remaining lease term of 8.8 years. These aircraft are leased to 13 airlines across nine countries. The
DAE to acquire 23 aircraft in US$1.1 billion deal Read More »
